Question

Which of the following is a limitation of the direct write-off method of accounting for uncollectibles? a) The direct write-off method overstates assets on the balance sheet. b) The direct write-off method does not set up an allowance for uncollectibles. c) The direct write-off method does not match expenses against revenue very well. d) All of the above

Answer 1

The answer is

d) All of the above